Development Analyst

Development Analyst

Full-Time 30000 - 40000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyse and manage real estate acquisitions, supporting development from start to finish.
  • Company: Join JPI, a leading real estate developer with a commitment to community impact.
  • Benefits: Enjoy competitive pay, 4 weeks PTO, health insurance, and tuition assistance.
  • Other info: Opportunities for personal development and promotion from within.
  • Why this job: Make a difference in communities while growing your career in a dynamic environment.
  • Qualifications: Bachelor's degree and 1-3 years of financial analysis experience required.

The predicted salary is between 30000 - 40000 ÂŁ per year.

About The Company

Built on a foundation of integrity, respect, and commitment, JPI stands out as one of the most active real estate developers and builders in the nation. For more than 35 years, JPI has designed and developed communities with best-in-class homes and amenities. JPI is committed to data-driven management and continuous improvement. Its team of experts utilizes data – including unparalleled market research, proven business processes, and proprietary models – to ensure that every decision is strategic, focused, and produces exceptional multifamily communities with the best risk-adjusted returns. More than just great communities, JPI is focused on leaving a lasting impact on the communities where we build and is continually committed to “Building What Matters.” JPI operates as a subsidiary of Sumitomo Forestry, which is recognized as one of the largest home builders in the United States.

About the Job

The role of the Development Analyst will take ownership of the acquisitions process by providing thoughtful analysis, research, and pipeline management. The Development Analyst reports to the Director, Underwriting and will work as a team to evaluate new development opportunities that meet the company’s production goals. As opportunities move from the acquisition to development team, analysts in the analyst pool will follow the opportunity and support the Development Manager through the design, development, capitalization, and construction process.

Essential Functions & Responsibilities

  • Acquisition Underwriting
    • Underwrite and evaluate investment opportunities sourced by Managers
    • Update and proof underwriting templates to ensure accuracy
    • Prepare internal presentation material required for investment decision making
    • Draft Letters of Intent (LOI) for active opportunities
  • Development Pipeline Coordination
    • Track investment opportunities in the pipeline and ensure that deal-level information is up to date
    • Prepare weekly update reports on active opportunities for discussion with the Development team with key metrics
    • Prepare comparative analysis and other ad-hoc reports for opportunities in the pipeline
    • Monitor and track progress of Development team’s production goals
    • Monitor and track key dates for deals currently under contract
  • Development Deal Analysis
    • Update original underwriting of deals as new information is discovered through due diligence, design process, and capitalization options with Development Manager
    • When able, shadow Development Managers on design meetings
    • Support Development Manager with ongoing construction obligations such as monthly draws, reforecasting budget, and ad hoc investor requests
    • Prepare analysis and reporting necessary for meetings with Investment Committee
  • Market Research
    • Monthly and Quarterly market research tasks - jobs/permit tracker, supply, etc.
    • Tour comparable properties & sites to gain valuable insight into competing amenities, local demand drivers, absorption, and pricing
    • Obtain and maintain a database of competitor premiums and amenities that are specific to each deal
    • Track market spot cap rates, sale comps, and operating expense comps with broker contacts

Non-Essential Duties and Responsibilities:

  • Build networking capabilities by attending industry conferences and meeting people in the CRE industry (e.g. TREC, ULI) and development community
  • Maintain current knowledge of the local real estate market by monitoring relevant industry publications and leveraging contacts with industry professionals

Education, Work Experience, & Physical Requirements

  • Bachelor’s Degree in Business, Finance, Accounting, Engineering, Math, Data Science, or Real Estate preferred
  • 1 – 3 years of prior work experience that built upon an understanding of financial analysis, with the ability to calculate and interpret return metrics (NOI, Cap Rate, IRR, NPV, Levered vs Unlevered returns, Return on Cost, etc.)
  • Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers
  • Excellent computer proficiency (MS Suite – Word, Excel, PowerPoint, and Outlook)
  • Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service
  • Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices

We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our stated purpose is to:

  • Transform Building
  • Enhance Communities
  • Improve Lives

JPI has an ambitious and exciting vision for how we will achieve this, which makes for a positive and dynamic work environment, with many opportunities for personal development and growth. As well as our highly competitive offering of compensation and benefits, we are committed to:

  • Transformative careers in a transformative company
  • Comprehensive training and development
  • Promotion from within at all levels of the organization
  • Borderless Careers, based on performance, potential, and personal ambition

Industry Recognition

  • NMHC - #1 Fastest Growing Developer; #2 Fastest Growing Building; #8 Largest National Developer; #11 Largest National Builder
  • Real Page – Most active multifamily developer in DFW for the past 8 years
  • Dallas Business Journal Best Places to Work – 2023
  • Dallas Business Journal – Largest DFW Real Estate Developers - #11

JPI offers associates a comprehensive benefits package with competitive salaries and more, including:

  • Competitive Bonus Program
  • 4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)
  • 11 Holidays and 8 Early Release Days
  • Medical, Dental, Vision, and Life Insurance
  • 401(k) with Company Match (Up to 5% Match)
  • Health Savings Account
  • Flexible Spending Accounts (Dependent & Medical Reimbursement)
  • Paid Parental Leave
  • Paid Volunteer Time
  • Tuition Assistance
  • Phone Reimbursement
  • Associate Referral Bonuses

Development Analyst employer: JPI.com

JPI is an exceptional employer that fosters a dynamic work environment focused on personal development and growth, making it an ideal place for a Development Analyst. With a commitment to transformative careers, comprehensive training, and promotion from within, employees benefit from a supportive culture that values integrity and accountability. Located in the vibrant DFW area, JPI offers competitive compensation, generous PTO, and unique opportunities to make a lasting impact on communities through innovative real estate development.
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Contact Detail:

JPI.com Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Development Analyst

✨Tip Number 1

Network like a pro! Attend industry events and connect with folks in the real estate game. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Be proactive! Don’t just wait for job postings to pop up. Reach out directly to companies you admire, like JPI, and express your interest. A friendly email can go a long way!

✨Tip Number 3

Show off your skills! Prepare a portfolio or case studies that highlight your analytical prowess and market research abilities. This will help you stand out when you get that interview.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of our team at JPI.

We think you need these skills to ace Development Analyst

Financial Analysis
Investment Underwriting
Market Research
Data Management
Comparative Analysis
Communication Skills
Project Coordination
Report Preparation
Construction Process Support
Database Management
Proficiency in MS Suite (Word, Excel, PowerPoint, Outlook)
Ability to Work Under Pressure
Networking Skills
Attention to Detail

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Development Analyst role. Highlight relevant experience and skills that match the job description, especially in financial analysis and market research.

Craft a Compelling Cover Letter: Your cover letter should tell us why you're passionate about real estate development and how your background makes you a great fit for JPI. Be genuine and let your personality shine through!

Showcase Your Analytical Skills: Since the role involves a lot of data-driven decision-making, include examples of how you've used analytical skills in past roles. This could be anything from financial modelling to market research.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows your enthusiasm for joining our team!

How to prepare for a job interview at JPI.com

✨Know Your Numbers

As a Development Analyst, you'll be dealing with financial metrics like NOI, Cap Rate, and IRR. Brush up on these concepts before your interview. Be ready to discuss how you’ve used them in past roles or projects, as this will show your understanding of the financial side of real estate.

✨Research JPI's Projects

Familiarise yourself with JPI’s recent developments and their impact on communities. This will not only help you understand their mission of 'Building What Matters' but also allow you to ask insightful questions during the interview, demonstrating your genuine interest in the company.

✨Prepare for Case Studies

Expect to tackle case studies or hypothetical scenarios related to acquisitions and development analysis. Practice breaking down investment opportunities and presenting your findings clearly. This will showcase your analytical skills and ability to communicate effectively, which are crucial for the role.

✨Network Like a Pro

Since JPI values networking, consider attending industry events or connecting with professionals in the CRE space before your interview. Mentioning any relevant connections or insights from these interactions can set you apart and show your proactive approach to building relationships in the industry.

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